Originally established in 1969 as Ord-BT, Pendal is an Australian investment manager that aims to deliver superior investment returns for clients through active management. They actively manage investments in Australian equities and listed property, Australian and international fixed interest, global equities, multi-asset portfolios and alternative investments.

In 2023, Pendal became part of Perpetual Limited (ASX:PPT). Through the Perpetual and Pendal brands, Barrow Hanley, J O Hambro, Regnan, Trillium and TSW, they have a presence in the US, UK and Europe.

Pendal Property Investment Fund is a real estate strategy benchmarked against the S&P/ASX 300 A-REIT (Sector) (TR) Index. The Fund invests primarily in Australian listed property securities, with limited scope for international listed property securities, unlisted property securities, cash and derivatives. Asset allocation to property securities is between 80-100% and cash 0-20% of asset allocation. Pendal uses a valuation-driven approach, supported by fundamental research, financial modelling and active security selection, to identify securities considered mispriced relative to fundamental value.